What WTO Agreement on Trade-Related Investment Measures (TRIMS): Coverage, National Treatment and Quantitative Restriction Discipline, Exceptions, Notification, Transparency, Committee, and Dispute Settlement requires
The WTO Agreement on Trade-Related Investment Measures, known as TRIMS, is a multilateral agreement in Annex 1A to the WTO Agreement that disciplines investment measures by Members where they affect trade in goods. WTO Agreement on Trade-Related Investment Measures, Article 1 sets the coverage of the Agreement as investment measures related to trade in goods only. WTO Agreement on Trade-Related Investment Measures, Article 2 contains the central operative discipline: no Member shall apply any TRIM that is inconsistent with the provisions of Article III or Article XI of GATT 1994. WTO Agreement on Trade-Related Investment Measures, Article 3 provides that all exceptions under GATT 1994 shall apply, as appropriate, to the provisions of this Agreement. WTO Agreement on Trade-Related Investment Measures, Article 4 contains special provisions for developing country Members. WTO Agreement on Trade-Related Investment Measures, Article 5 requires Members to notify non-conforming TRIMs within ninety days of entry into force and to eliminate them within transitional periods of two years for developed countries, five years for developing countries, and seven years for least-developed countries. WTO Agreement on Trade-Related Investment Measures, Article 6 establishes transparency obligations including notification of where TRIMs may be found in domestic publications. WTO Agreement on Trade-Related Investment Measures, Article 7 establishes the Committee on Trade-Related Investment Measures to monitor implementation and report annually to the Council. WTO Agreement on Trade-Related Investment Measures, Article 8 provides that consultation and dispute settlement follow the procedures in Articles XXII and XXIII of GATT 1994. WTO Agreement on Trade-Related Investment Measures, Article 9 requires the Council for Trade in Goods to review the operation of the Agreement within five years of entry into force. The Annex contains the Illustrative List of TRIMs identifying measures that violate national treatment (such as local content requirements) and quantitative restrictions (such as import or export limitations tied to production or foreign exchange). The Agreement is the controlling multilateral instrument for trade-related investment measure discipline under the WTO system.
Pillar: Trade Compliance & Export Controls · Authority: World Trade Organization · Version: 1.0.0 · Last updated:
Primary source: https://www.wto.org/english/docs_e/legal_e/18-trims_e.htm
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- WTO Agreement on Trade-Related Investment Measures, Article 1 - coverage of investment measures related to trade in goods.
- WTO Agreement on Trade-Related Investment Measures, Article 2 - no TRIM inconsistent with Article III or Article XI of GATT 1994.
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